Leipsic, Ohio. January 7, 2019 – Ennis, Inc. (NYSE: EBF) is now the exclusive manufacturer of Megaform products, extra-long forms with limitless non-repeating images in continuous or unit set formats. Megaforms will be printed at the Ennis facility in Leipsic, Ohio.

“We can now offer extra-long forms up to 120” that cannot be produced by anyone else,” says Kevin Johnston, Business Unit Director of Ennis, Leipsic “We’re proud to add this unique product to our facility.”

Originally created in 1992 as a two-color product, Megaforms are now available in a range of 4-color, multi-part options: long forms with limitless, non-repeating images in continuous or unit set formats; and limitless, non-repeating images on 8 1/2″, 10″, 11″, or 14″ depths. For more information about Megaform options, call Ennis Leipsic at 800.743.2141 or the Ennis HOTLine at 800.972.1069.

About Ennis
Since 1909, Ennis has been primarily engaged in the production and sale of business forms and other business products. The Company is one of the largest private-label printed business product suppliers in the United States. Headquartered in Midlothian, Texas, Ennis has production and distribution facilities strategically located throughout the USA to serve the Company’s national network of distributors. Ennis manufactures and sells business forms, other printed business products, printed and electronic media, presentation products, flex-o-graphic printing, advertising specialties and Post-it® Notes, internal bank forms, plastic cards, secure and negotiable documents, envelopes, tags and labels and other custom products. For more information, visit ennis.com.

Revenues increased $14.5 million, or 15.5% on a comparative quarter basis, and $17.0 million, or 6.0% for the nine month period.

Diluted earnings per share increased from $0.33 to $0.40, or 21.2% on a comparative quarter basis and from $0.97 to $1.14, or 17.5% for the nine month period.

Financial OverviewThe Company’s revenues for the third quarter ended November 30, 2018 were $108.1 million compared to $93.6 million for the same quarter last year, an increase of 15.5%. Gross profit margin (“margin”) was $33.8 million for the quarter, or 31.2%, as compared to $30.0 million, or 32.0% for the third quarter last year. Net earnings for the quarter were $10.4 million, or $0.40 per diluted share compared, to $8.3 million, or $0.33 per diluted share, for the third quarter last year.

The Company’s revenues for the nine month period ended November 30, 2018 were $300.1 million compared to $283.1 million for the same period last year, an increase of 6.0%. Margin was $94.3 million, or 31.4%, as compared to $90.8 million, or 32.1% for the nine month periods ended November 30, 2018 and November 30, 2017, respectively. Net earnings from operations for the nine month period ended November 30, 2018 were $29.2 million, or $1.14 per diluted share compared to $24.6 million, or $0.97 per diluted share for the same period last year.

Non-GAAP Reconciliations

To provide important supplemental information to both management and investors regarding financial and business trends used in assessing its results of operations, from time to time the Company reports adjusted gross profit margin, adjusted earnings and adjusted diluted earnings per share, each of which is a non-GAAP financial measure. To provide additional information, the Company also reports the non-GAAP financial measure of EBITDA (EBITDA is calculated as net earnings from operations before interest expense, tax expense, depreciation, and amortization).

Management believes that these non-GAAP financial measures provide useful information to investors as a supplement to reported GAAP financial information. Management reviews these non-GAAP financial measures on a regular basis and uses them to evaluate and manage the performance of the Company’s operations. In addition, EBITDA is a component of the financial covenants and an interest rate metric in the Company’s credit agreement.

Reconciliations of non-GAAP financial measures for the quarter to the most directly comparable measures calculated and presented in accordance with GAAP are set forth in the following table. Other companies may calculate non-GAAP adjusted financial measures differently than Ennis, which limits the usefulness of the non-GAAP measures for comparison with these other companies. While management believes the Company’s non-GAAP financial measures are useful in evaluating Ennis, this information should be considered as supplemental in nature and not as a substitute or an alternative for, or superior to, the related financial information prepared in accordance with GAAP. These measures should be evaluated only in conjunction with the Company’s comparable GAAP financial measures.

The following table reconciles EBITDA, a non-GAAP financial measure, for the three and nine months ended November 30, 2018 and November 30, 2017 to the most comparable GAAP measure, net earnings (dollars in thousands).

Keith Walters, Chairman, Chief Executive Officer and President, commented by stating, “We are pleased with our performance for the quarter and the year given the continued challenges facing the industry stemming from raw material and freight cost increases. Tight supply conditions have allowed for multiple price increases for raw materials over the past year. These price increases will continue to place downward pressure on our margins until we are able to pass the increased costs through to the marketplace. Historically, less frequent market price increases have allowed for more orderly and timely pricing adjustments. We believe the size and number of pricing increases this year have impacted all manufacturers’ ability to timely pass through these increases to the marketplace. While we don’t foresee these challenges changing in the short-term, we do expect pricing and costs in the marketplace to normalize over the long term. Also, as mentioned last quarter, while our recent acquisitions’ margins are improving, the newly acquired operations continued to have a dilutive impact on our overall margin percentage and we expect this will continue until we have fully implemented our cost and management systems. Even so, these recent additions contributed sales of $18.4 million to the third quarter and net earnings of over 5 cents per diluted share. However, even with increased manufacturing costs, our net earnings for the quarter increased on a comparable quarter basis from 8.8% to 9.6% due to lower operating and corporate tax costs and improved operating performances of our recently acquired operations. We continue to believe we have one of the strongest balance sheets in the industry and our cash position remains significant. As such, we will continue to explore strategic opportunities as a way to profitably utilize our cash and leverage our balance sheet.”

In Other NewsOn December 20, 2018 the Ennis Board of Directors declared a quarterly cash dividend of 22.5 cents a share on the Company’s common stock. The dividend is payable on February 8, 2019 to shareholders of record on January 11, 2019.

About EnnisSince 1909, Ennis has been primarily engaged in the production and sale of business forms and other business products. The Company is one of the largest private-label printed business product suppliers in the United States. Headquartered in Midlothian, Texas, Ennis has production and distribution facilities strategically located throughout the USA to serve the Company’s national network of distributors. Ennis manufactures and sells business forms, other printed business products, printed and electronic media, presentation products, flex-o-graphic printing, advertising specialties and Post-it® Notes, internal bank forms, plastic cards, secure and negotiable documents, envelopes, tags and labels and other custom products. For more information, visit www.ennis.com.

Safe Harbor under the Private Securities Litigation Reform Act of 1995Certain statements contained in this press release that are not historical facts are forward-looking statements that involve a number of known and unknown risks, uncertainties and other factors that could cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievement expressed or implied by such forward-looking statements. The words “anticipate,” “preliminary,” “expect,” “believe,” “intend” and similar expressions identify forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for such forward-looking statements. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause actual results and experience to differ materially from the anticipated results or other expectations expressed in such forward-looking statements. These statements are subject to numerous uncertainties, which include, but are not limited to, the Company’s ability to effectively manage its business functions while growing its business in a competitive environment, the Company’s ability to adapt and expand its services in such an environment and the variability in the prices of paper and other raw materials. Other important information regarding factors that may affect the Company’s future performance is included in the public reports that the Company files with the Securities and Exchange Commission, including but not limited to, its Annual Report on Form 10-K for the fiscal year ending February 28, 2018 and its Quarterly Reports on Form 10-Q for the fiscal quarters ending May 31, 2018 and August 31, 2108. The Company does not undertake, and hereby disclaims, any duty or obligation to update or otherwise revise any forward-looking statements to reflect events or circumstances occurring after the date of this release, or to reflect the occurrence of unanticipated events, although its situation and circumstances may change in the future. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The inclusion of any statement in this release does not constitute an admission by the Company or any other person that the events or circumstances described in such statement are material.

]]>ENNIS ANNOUNCES NEW GENERAL MANAGER OF ROYAL BUSINESS FORMShttp://www.ennis.com/press-releases/general/ennis-announces-new-general-manager-of-royal-business-forms/
Mon, 10 Dec 2018 17:59:20 +0000http://www.ennis.com/?p=5869FOR IMMEDIATE RELEASE ENNIS ANNOUNCES NEW GENERAL MANAGER OF ROYAL BUSINESS FORMS Midlothian, TX. December 10, 2018 – Ennis, Inc. (NYSE: EBF) has named Ronnie Maxey as the new General Manager of Royal Business Forms. Ronnie will also serve as General Manager of the Printegra location in

Midlothian, TX. December 10, 2018 – Ennis, Inc. (NYSE: EBF) has named Ronnie Maxey as the new General Manager of Royal Business Forms. Ronnie will also serve as General Manager of the Printegra location in Arlington, TX. Both brands supply the nationwide network of Ennis print distributors.

Ronnie was promoted from his previous role as Customer Service Manager of both Royal Business Forms and Printegra. He has 32 years of experience in the printing industry and has been with Ennis since 2003. Prior to becoming Customer Service Manager, Ronnie served as Plant Manager at multiple facilities.

“I am excited about my new role as General Manager and look forward to new opportunities to expand our footprint in the region,” said Ronnie.

“Ronnie’s expertise in print manufacturing and sales made him an ideal choice for General Manager. We are confident he will lead Royal Business Forms and Printegra to continued success,” said Wade Brewer, Business Unit Director at Ennis.

Royal Business Forms is a leading manufacturer of business products, such as stock POS forms and custom printed forms. Printegra specializes in short-run business printing, including software-compatible checks and forms, cut sheets, envelope printing and digital print shop products. In addition to the Texas location, Printegra has manufacturing facilities in California, Georgia, Indiana and New York.

Since 1909, Ennis has been primarily engaged in the production and sale of business forms and other business products. The Company is one of the largest private-label printed business product suppliers in the United States. Headquartered in Midlothian, Texas, Ennis has production and distribution facilities strategically located throughout the USA to serve the Company’s national network of distributors. Ennis manufactures and sells business forms, other printed business products, printed and electronic media, presentation products, flex-o-graphic printing, advertising specialties and Post-it® Notes, internal bank forms, plastic cards, secure and negotiable documents, envelopes, tags and labels and other custom products. For more information, visit ennis.com.

]]>ENNIS ANNOUNCES NEW GENERAL MANAGER OF WOLFE CITY PLANThttp://www.ennis.com/press-releases/general/ennis-announces-new-wolfe-city-general-manager/
Tue, 04 Dec 2018 20:24:50 +0000http://www.ennis.com/?p=5861FOR IMMEDIATE RELEASE ENNIS ANNOUNCES NEW GENERAL MANAGER OF WOLFE CITY PLANT Midlothian, TX. December 4, 2018 – Ennis, Inc. (NYSE: EBF) has named Kyle Smith as the new General Manager of its Wolfe City, TX facility. Kyle has been with Ennis for 31 years, all at

Midlothian, TX. December 4, 2018 – Ennis, Inc. (NYSE: EBF) has named Kyle Smith as the new General Manager of its Wolfe City, TX facility. Kyle has been with Ennis for 31 years, all at the Wolfe City location. He is an expert in tag and label manufacturing and has served most recently as the plant’s Production Manager.

“I look forward to my new role as General Manager and am excited to continue working with our team to grow the business and serve our customers,” said Kyle.

The Wolfe City plant serves Ennis print distributors throughout the country with its high-quality tags and labels. It is also home to the Advertising Concepts brand, which supplies a wide variety of promotional products including bags, adhesive notes, pens, drinkware and calendars.

For information about Ennis, Inc. call the Ennis HOTLine at 800.972.1069 or visit ennis.com.

About Ennis
Since 1909, Ennis has been primarily engaged in the production and sale of business forms and other business products. The Company is one of the largest private-label printed business product suppliers in the United States. Headquartered in Midlothian, Texas, Ennis has production and distribution facilities strategically located throughout the USA to serve the Company’s national network of distributors. Ennis manufactures and sells business forms, other printed business products, printed and electronic media, presentation products, flex-o-graphic printing, advertising specialties and Post-it® Notes, internal bank forms, plastic cards, secure and negotiable documents, envelopes, tags and labels and other custom products. For more information, visit ennis.com.

]]>ADMORE FOLDERS NAMED CORPORATION OF THE YEARhttp://www.ennis.com/press-releases/general/admore-folders-named-corporation-of-the-year/
Mon, 19 Nov 2018 16:05:10 +0000http://www.ennis.com/?p=5846FOR IMMEDIATE RELEASE ADMORE FOLDERS NAMED CORPORATION OF THE YEAR Macomb, MI. November 19, 2018 – Admore Folders, a division of Ennis, Inc. (NYSE: EBF), has been selected as Corporation of the Year by The Printing Industries of Michigan, Inc. (PIM). Admore will be officially honored

ADMORE FOLDERS NAMED CORPORATION OF THE YEAR
Macomb, MI. November 19, 2018 – Admore Folders, a division of Ennis, Inc. (NYSE: EBF), has been selected as Corporation of the Year by The Printing Industries of Michigan, Inc. (PIM). Admore will be officially honored at the 2019 Ben Franklin Awards Dinner, to take place on Tuesday, January 15th in Livonia, Michigan.

Established in 1888, Printing Industries of Michigan, Inc. is a non-profit trade association serving commercial printing and graphic communications companies throughout the state of Michigan. Admore was chosen as the top company from among all PIM members, which range from small, family-run businesses to large enterprises providing products and services to print buyers and publishers.

For more information about Admore Folders, call 800.523.6673 or visit admorefolders.com. For information about Ennis, Inc. call the Ennis HOTLine at 800.972.1069.

About Ennis
Since 1909, Ennis has been primarily engaged in the production and sale of business forms and other business products. The Company is one of the largest private-label printed business product suppliers in the United States. Headquartered in Midlothian, Texas, Ennis has production and distribution facilities strategically located throughout the USA to serve the Company’s national network of distributors. Ennis manufactures and sells business forms, other printed business products, printed and electronic media, presentation products, flex-o-graphic printing, advertising specialties and Post-it® Notes, internal bank forms, plastic cards, secure and negotiable documents, envelopes, tags and labels and other custom products. For more information, visit ennis.com.

The winning folder was printed in four-color process, with foil colors and embossing. It includes a custom die-cut “wooden stake” insert to complete the Halloween theme.

“We are thrilled to be honored with yet another Gold Ink Award,” said Bill Tignanelli, Admore’s General Manager. “Having won awards all five years we have entered a folder in this prestigious competition is truly a testament to the dedication and creativity of our outstanding team at Admore Folders.”

In addition to its 2018 Gold Ink Award, Admore has also received the Best Use of Foil and Embossing Award in the Presentation Folders category from the 25thAnnual Gold Leaf Awards, sponsored by The Foil & Specialty Effects Association (FSEA).

Admore’s “Bloody Good!” folder completed its winning streak by taking home the Gold Award and the Best in Show Award from The Gallery of Superb Printing. All Gold category winners are considered for the coveted Best in Show distinction. The 2017 Admore Sales Kit was awarded The Gallery of Superb Printing’s top honor last year.

For more information about Admore, call 800.523.6673 or visit admorefolders.com. For information about Ennis, Inc. call the Ennis HOTLine at 800.972.1069.

About Ennis

Since 1909, Ennis has been primarily engaged in the production and sale of business forms and other business products. The Company is one of the largest private-label printed business product suppliers in the United States. Headquartered in Midlothian, Texas, Ennis has production and distribution facilities strategically located throughout the USA to serve the Company’s national network of distributors. Ennis manufactures and sells business forms, other printed business products, printed and electronic media, presentation products, flex-o-graphic printing, advertising specialties and Post-it® Notes, internal bank forms, plastic cards, secure and negotiable documents, envelopes, tags and labels and other custom products. For more information, visit ennis.com.

Revenues increased $3.7 million, or 3.9% on a comparative quarter basis, and $2.5 million, or 1.3% for the six-month period.

Diluted earnings per share increased from $0.34 to $0.37 on a comparative quarter basis and from $0.64 to $0.74 for the six month period.

Financial Overview

The Company’s revenues for the second quarter ended August 31, 2018 were $98.6 million compared to $94.9 million for the same quarter last year, an increase of 3.9%. Gross profit margin (“margin”) was $30.3 million for the quarter, or 30.8%, as compared to $30.9 million, or 32.5% for the second quarter last year. Net earnings for the quarter were $9.6 million, or $0.37 per diluted share, compared to $8.5 million, or $0.34 per diluted share, for the second quarter last year.

The Company’s revenues for the six-month period ended August 31, 2018 were $192.0 million compared to $189.5 million for the same period last year, an increase of 1.3%. Margin was $60.5 million, or 31.5%, as compared to $60.9 million, or 32.1% for the six month periods ended August 31, 2018 and August 31, 2017, respectively. Net earnings from operations for the six-month period ended August 31, 2018 were $18.8 million, or $0.74 per diluted share compared to $16.3 million, or $0.64 per diluted share for the same period last year.

Non-GAAP Reconciliations

To provide important supplemental information to both management and investors regarding financial and business trends used in assessing its results of operations, from time to time, the Company reports adjusted gross profit margin, adjusted earnings and adjusted diluted earnings per share, each of which is a non-GAAP financial measure. To provide additional information, the Company also reports the non-GAAP financial measure of EBITDA (EBITDA is calculated as net earnings from operations before interest expense, tax expense, depreciation, and amortization).

Management believes that these non-GAAP financial measures provide useful information to investors as a supplement to reported GAAP financial information. Management reviews these non-GAAP financial measures on a regular basis and uses them to evaluate and manage the performance of the Company’s operations. In addition, EBITDA is a component of the financial covenants and an interest rate metric in the Company’s credit agreement.

Reconciliations of non-GAAP financial measures for the quarter to the most directly comparable measures calculated and presented in accordance with GAAP are set forth in the following table. Other companies may calculate non-GAAP adjusted financial measures differently than Ennis, which limits the usefulness of the non-GAAP measures for comparison with these other companies. While management believes the Company’s non-GAAP financial measures are useful in evaluating Ennis, this information should be considered as supplemental in nature and not as a substitute or an alternative for, or superior to, the related financial information prepared in accordance with GAAP. These measures should be evaluated only in conjunction with the Company’s comparable GAAP financial measures.

The following table reconciles EBITDA, a non-GAAP financial measure, for the three and six months ended August 31, 2018 and August 31, 2017 to the most comparable GAAP measure, net earnings (dollars in thousands).

Three Months ended August 31,

2018

2017

Net earnings from continuing operations

$ 9,567

$ 8,540

Income tax expense

3,189

5,016

Interest expense

287

204

Depreciation and amortization

3,778

3,552

EBITDA (non-GAAP)

$ 16,821

$ 17,312

% of sales

17.1%

18.2%

Six Months ended August 31,

2018

2017

Net earnings from continuing operations

$ 18,814

$ 16,324

Income tax expense

6,271

9,587

Interest expense

548

394

Depreciation and amortization

7,228

7,073

EBITDA (non-GAAP)

$ 32,861

$ 33,378

% of sales

17.1%

17.6%

Keith Walters, Chairman, Chief Executive Officer and President, commented by stating, “Overall we are pleased with our second quarter performance given the challenges facing the industry. The industry continues to be challenged by raw material and freight cost increases. Tight supply conditions have allowed for multiple price increases for raw materials over the last eight months. These price increases will continue to have a negative impact on earnings until manufacturers are able to pass the increased costs through to the marketplace. Historically the price increases we experienced were less frequent and allowed us to make pricing adjustments in a more orderly manner. We believe the size and number of increases this year have impacted manufacturers’ ability to timely pass through the increased price adjustments to end users. Also, as we anticipated, our recent acquisitions had a dilutive impact on our margin for the second quarter. We believe once we have fully analyzed the acquired businesses’ cost structures and implement our costs systems, the margins of the acquired businesses will improve to expected levels. While we don’t foresee these challenges changing in the short-term, we do expect pricing and costs in the marketplace to normalize over the long term. However, even with increased manufacturing costs, our net earnings for the quarter increased on a comparable quarter basis from 9.0% to 9.7% due to lower operating and corporate tax costs. We continue to believe we have one of the strongest balance sheets in the industry and our cash position remains significant. As such, we will continue to explore strategic acquisitions as a way to profitably utilize our cash and leverage our balance sheet.”

In Other News

Ennis announces that on September 21, 2018 its Board of Directors declared a quarterly cash dividend of 22.5 cents a share on its common stock. The dividend is payable on November 5, 2018 to shareholders of record on October 12, 2018.

About Ennis

Since 1909, Ennis has been primarily engaged in the production and sale of business forms and other business products. The Company is one of the largest private-label printed business product suppliers in the United States. Headquartered in Midlothian, Texas, Ennis has production and distribution facilities strategically located throughout the USA to serve the Company’s national network of distributors. Ennis manufactures and sells business forms, other printed business products, printed and electronic media, presentation products, flex-o-graphic printing, advertising specialties and Post-it® Notes, internal bank forms, plastic cards, secure and negotiable documents, envelopes, tags and labels and other custom products. For more information, visit www.ennis.com.

Certain statements contained in this press release that are not historical facts are forward-looking statements that involve a number of known and unknown risks, uncertainties and other factors that could cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievement expressed or implied by such forward-looking statements. The words “anticipate,” “preliminary,” “expect,” “believe,” “intend” and similar expressions identify forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for such forward-looking statements. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause actual results and experience to differ materially from the anticipated results or other expectations expressed in such forward-looking statements. These statements are subject to numerous uncertainties, which include, but are not limited to, the Company’s ability to effectively manage its business functions while growing its business in a competitive environment, the Company’s ability to adapt and expand its services in such an environment and the variability in the prices of paper and other raw materials. Other important information regarding factors that may affect the Company’s future performance is included in the public reports that the Company files with the Securities and Exchange Commission, including but not limited to, its Annual Report on Form 10-K for the fiscal year ending February 28, 2018 and its Quarterly Report on Form 10-Q for the quarter ended May 31, 2018. The Company does not undertake, and hereby disclaims, any duty or obligation to update or otherwise revise any forward-looking statements to reflect events or circumstances occurring after the date of this release, or to reflect the occurrence of unanticipated events, although its situation and circumstances may change in the future. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The inclusion of any statement in this release does not constitute an admission by the Company or any other person that the events or circumstances described in such statement are material.

ENNIS COMPLETES MERGER WITH WRIGHT BUSINESS GRAPHICS, INC. OF PORTLAND, OREGON INTO A WHOLLY OWNED ENTITY OF ENNIS

Midlothian, Texas August 2, 2018 — Ennis, Inc. (the “Company”), (NYSE: EBF), announced the completion of the merger of Wright Business Graphics, Inc. (“Wright”) with a wholly owned entity of Ennis in a stock merger transaction that closed on July 31, 2018. Wright Business Graphics is a printing company headquartered in Portland, Oregon. Wright has 7 locations in Oregon, Washington and California with its main facility located in Portland, Oregon. The business produces forms, pressure seal, packaging, direct mail, checks, statement processing and commercial printing. Wright had approximately $58 million in sales for its fiscal year ended March 31, 2018 and sells mainly through distributors and resellers. The purchase price was paid 55% in cash, and 45% in the Company’s common stock based on the weighted average share price based on the previous 30 trading days from the date of the Agreement. The Company believes the transaction will be accretive to its shareholders.

Keith Walters, Chairman, President & CEO of the Company stated, “We are delighted to have the opportunity to combine the Wright organization with the other operations of Ennis. We were able to close the transaction earlier than expected once we received landlord consents. The excellent quality of the machinery and equipment, along with the qualified and experienced employees, contributed to our decision making process. With this acquisition we will continue to be the preeminent provider of all types of printed products and services to the West Coast. The addition of packaging, statement processing and direct mail will add to the overall capabilities of our existing operations, which should help us to continue to penetrate additional markets throughout the United States. This will allow one month of results in our second quarter results.”

The operations will continue to operate as Wright Business Graphics and related brand names. All of the facilities will continue their normal operations in their current locations.

About Ennis
Since 1909, Ennis, Inc. has primarily engaged in the production and sale of business forms and other business products. The Company is one of the largest private-label printed business product suppliers in the United States. Headquartered in Midlothian, Texas, the Company has production and distribution facilities strategically located throughout the USA to serve the Company’s national network of distributors. Ennis manufactures and sells business forms, other printed business products, printed and electronic media, presentation products, flex-o-graphic printing, advertising specialties and Post-it® Notes, internal bank forms, plastic cards, secure and negotiable documents, envelopes, tags and labels and other custom products. For more information, visit ennis.com.

Safe Harbor under The Private Securities Litigation Reform Act of 1995
Certain statements contained in this press release that are not historical facts are forward-looking statements that involve a number of known and unknown risks, uncertainties and other factors that could cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievement expressed or implied by such forward-looking statements. The words “anticipate,” “preliminary,” “expect,” “believe,” “intend” and similar expressions identify forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for such forward-looking statements. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause actual results and experience to differ materially from the anticipated results or other expectations expressed in such forward-looking statements. These statements are subject to numerous uncertainties, which include, but are not limited to, the Company’s ability to effectively manage its business functions while growing its business in a rapidly changing environment, the Company’s ability to adapt and expand its services in such an environment, the variability in the prices of paper and other raw materials. Other important information regarding factors that may affect the Company’s future performance is included in the public reports that the Company files with the Securities and Exchange Commission, including but not limited to, its Annual Report on Form 10-K for the fiscal year ending February 28, 2018. The Company does not undertake, and hereby disclaims, any duty or obligation to update or otherwise revise any forward-looking statements to reflect events or circumstances occurring after the date of this release, or to reflect the occurrence of unanticipated events, although its situation and circumstances may change in the future. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The inclusion of any statement in this release does not constitute an admission by the Company or any other person that the events or circumstances described in such statement are material.

ENNIS EXECUTES AGREEMENT TO MERGE WRIGHT BUSINESS GRAPHICS, INC. OF PORTLAND, OREGON INTO A WHOLLY OWNED ENTITY OF ENNIS

Midlothian, Texas July 17, 2018 — Ennis, Inc. (the “Company”), (NYSE: EBF), announced the signing of an agreement to merge Wright Business Graphics (“Wright”) with a wholly owned entity of Ennis in a stock merger transaction that is expected to close on or before September 30, 2018, pending approvals. Wright Business Graphics is a printing company headquartered in Portland, Oregon. The majority stockholder, Jim Wright, began the company back in 1970 and built it into the large, highly diverse print communication organization that exists today. Wright has 7 locations in Oregon, Washington and California with its main facility located in Portland, Oregon. The business produces forms, pressure seal, packaging, direct mail, checks, statement processing and commercial printing. Wright had approximately $58 million in sales for its fiscal year ended March 31, 2018 and sells mainly through distributors and resellers. Wright will continue in all of its current locations, and Dan Adkison will continue in his current role as President/COO of Wright Business Graphics. The purchase price will be paid 55% in cash and 45% in stock (based on the weighted average share price of the Company’s common stock for the previous 30 trading days). The Company believes the transaction will be accretive to its shareholders.

Keith Walters, Chairman, President & CEO of the Company stated, “We are delighted to have the opportunity to combine the Wright organization with the other operations of Ennis. Jim Wright has built an excellent company over the past four decades and we are delighted that he chose to merge his company into the Ennis organization. We were very impressed with the type, caliber and condition of the equipment at these facilities, some of which had been recently rebuilt in Portland due to a roof collapse. With this acquisition we will continue to be the preeminent provider of all types of printed products and services to the West Coast. The addition of packaging, statement processing and direct mail will add to the overall capabilities of our existing operations, which should help us to continue to penetrate additional markets throughout the United States.”

The operations will continue to operate as Wright Business Graphics and related brand names. All of the facilities will continue their normal operations in their current locations.

About Ennis
Since 1909, Ennis, Inc. has primarily engaged in the production and sale of business forms and other business products. The Company is one of the largest private-label printed business product suppliers in the United States. Headquartered in Midlothian, Texas, the Company has production and distribution facilities strategically located throughout the USA to serve the Company’s national network of distributors. Ennis manufactures and sells business forms, other printed business products, printed and electronic media, presentation products, flex-o-graphic printing, advertising specialties and Post-it® Notes, internal bank forms, plastic cards, secure and negotiable documents, envelopes, tags and labels and other custom products. For more information, visit ennis.com.

Safe Harbor under The Private Securities Litigation Reform Act of 1995
Certain statements contained in this press release that are not historical facts are forward-looking statements that involve a number of known and unknown risks, uncertainties and other factors that could cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievement expressed or implied by such forward-looking statements. The words “anticipate,” “preliminary,” “expect,” “believe,” “intend” and similar expressions identify forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for such forward-looking statements. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause actual results and experience to differ materially from the anticipated results or other expectations expressed in such forward-looking statements. These statements are subject to numerous uncertainties, which include, but are not limited to, the Company’s ability to effectively manage its business functions while growing its business in a rapidly changing environment, the Company’s ability to adapt and expand its services in such an environment, the variability in the prices of paper and other raw materials. Other important information regarding factors that may affect the Company’s future performance is included in the public reports that the Company files with the Securities and Exchange Commission, including but not limited to, its Annual Report on Form 10-K for the fiscal year ending February 28, 2018. The Company does not undertake, and hereby disclaims, any duty or obligation to update or otherwise revise any forward-looking statements to reflect events or circumstances occurring after the date of this release, or to reflect the occurrence of unanticipated events, although its situation and circumstances may change in the future. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The inclusion of any statement in this release does not constitute an admission by the Company or any other person that the events or circumstances described in such statement are material.

Revenues increased $6.3 million, or 7.3% on a sequential quarter basis, but were down slightly on a comparative quarter basis.

Gross profit margin increased from 31.7% to 32.3% on a comparative quarter basis.

Diluted earnings per share increased from $0.31 to $0.36 on a comparative quarter basis.

Financial Overview
The Company’s revenues for the first quarter ended May 31, 2018 were $93.4 million compared to $94.6 million for the same quarter last year, a decrease of 1.3%. Gross profit margin (“margin”) was $30.2 million for the quarter, or 32.3%, as compared to $30.0 million, or 31.7% for the first quarter last year. Net earnings for the quarter were $9.2 million, or $0.36 per diluted share compared, to $7.8 million, or $0.31 per diluted share, for the first quarter last year.

Non-GAAP Reconciliations
To provide important supplemental information to both management and investors regarding financial and business trends used in assessing its results of operations, from time to time the Company reports adjusted gross profit margin, adjusted earnings and adjusted diluted earnings per share, each of which is a non-GAAP financial measure. To provide additional information, the Company also reports the non-GAAP financial measure of EBITDA (EBITDA is calculated as earnings from operations before interest, taxes, depreciation, and amortization).

Management believes that these non-GAAP financial measures provide useful information to investors as a supplement to reported GAAP financial information. Management reviews these non-GAAP financial measures on a regular basis and uses them to evaluate and manage the performance of the Company’s operations. In addition, EBITDA is a component of the financial covenants and an interest rate metric in the Company’s credit agreement.

Reconciliations of non-GAAP financial measures for the quarter to the most directly comparable measures calculated and presented in accordance with GAAP are set forth in the following table. Other companies may calculate non-GAAP adjusted financial measures differently than Ennis, which limits the usefulness of the non-GAAP measures for comparison with these other companies. While management believes the Company’s non-GAAP financial measures are useful in evaluating Ennis, this information should be considered as supplemental in nature and not as a substitute or an alternative for, or superior to, the related financial information prepared in accordance with GAAP. These measures should be evaluated only in conjunction with the Company’s comparable GAAP financial measures.

The following table reconciles EBITDA, a non-GAAP financial measure, for the first quarter of this year and the first quarter of last year to the most comparable GAAP measure, net earnings (dollars in thousands).Keith Walters, Chairman, Chief Executive Officer and President, commented by stating, “We are pleased with our first quarter performance. We continue to build on the momentum of last year. We recently completed the integration of our ERP system at our Independent operation and believe we can further optimize its performance. We also recently completed the acquisition of a tag company based in Caledonia, New York and look forward to it contributing to our bottom line in the months to come. We continue to explore strategic opportunities in the acquisition arena as a way to profitably utilize our cash.”

Mr. Walters also noted, “Given our strong balance sheet and continued strong performance, our Board approved a 12 ½% increase in our quarterly dividend, effective with our upcoming regularly scheduled August dividend payment. This is the third increase in our quarterly dividends in the last six years, and the second in the last two years. We also purchased approximately 38,000 shares of our common stock in the first quarter, under our stock repurchase program, at an average price of $17.92 per share. In accordance with our repurchase program, we will continue to repurchase our shares when we believe the market price is undervalued. The industry continues to be challenged by paper price increases, trucking shortages and allocations of certain paper grades. The printing industry hasn’t experienced paper allocations for several decades, and we believe our long term relationship with our paper supplier will allow the Company to avoid any material disruption in our supply chain. While we don’t see any of these challenges changing in the short-term, we are encouraged by our performance so far this year and feel positive about the remainder of the year. We continue to strengthen one of the strongest balance sheets in the industry and our cash position remains significant, which allows us many opportunities.”

About Ennis
Since 1909, Ennis has been primarily engaged in the production and sale of business forms and other business products. The Company is one of the largest private-label printed business product suppliers in the United States. Headquartered in Midlothian, Texas, Ennis has production and distribution facilities strategically located throughout the USA to serve the Company’s national network of distributors. Ennis manufactures and sells business forms, other printed business products, printed and electronic media, presentation products, flex-o-graphic printing, advertising specialties and Post-it® Notes, internal bank forms, plastic cards, secure and negotiable documents, envelopes, tags and labels and other custom products. For more information, visit www.ennis.com.

Safe Harbor under the Private Securities Litigation Reform Act of 1995
Certain statements contained in this press release that are not historical facts are forward-looking statements that involve a number of known and unknown risks, uncertainties and other factors that could cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievement expressed or implied by such forward-looking statements. The words “anticipate,” “preliminary,” “expect,” “believe,” “intend” and similar expressions identify forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for such forward-looking statements. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause actual results and experience to differ materially from the anticipated results or other expectations expressed in such forward-looking statements. These statements are subject to numerous uncertainties, which include, but are not limited to, the Company’s ability to effectively manage its business functions while growing its business in a competitive environment, the Company’s ability to adapt and expand its services in such an environment and the variability in the prices of paper and other raw materials. Other important information regarding factors that may affect the Company’s future performance is included in the public reports that the Company files with the Securities and Exchange Commission, including but not limited to, its Annual Report on Form 10-K for the fiscal year ending February 28, 2018. The Company does not undertake, and hereby disclaims, any duty or obligation to update or otherwise revise any forward-looking statements to reflect events or circumstances occurring after the date of this release, or to reflect the occurrence of unanticipated events, although its situation and circumstances may change in the future. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The inclusion of any statement in this release does not constitute an admission by the Company or any other person that the events or circumstances described in such statement are material.